About a week ago it was $139 a barrel.
Today it is $146.
If it keeps rising the whole of the Western economies will collapse.
It's a mathematical certainty that we will have a recession - maybe even a depression.
But the really bad news is - that it will never end in yours or your children's lifetimes.
Joe, you have not seen anything yet I suspect by winter we should be hovering another $5.00 increase in heating oil plus all the related taxes as the tax increases help pay for the ones coming into countries seeking "entitlements"
The USA has enough oil /gas/ coal ,wind and sun to be self sustaining BUT then if the oil is brought up from American soil think of all the people who will be unemployed.
The drillers in foreign countries will then come here looking to work.
The shipping industry, builders,insurance companies, sailors will now be unemployable
By increasing prices they force smart contractors to heap extra large profits as greed makes the civilized world go around.
Here is how any trade or anyone who uses a car / truck for a living makes a wind fall profit.
I spoke to the owners of my plumbing supplies last year as he was complaining about gas prices almost doubling I said isn't that GREAT he looked at me dumbfounded.
I said listen this is a money maker as I charge for gasoline as materials for my gasoline water jetters and no one is stupid enough to sell materials for the same price they pay for it correct?
So if I buy gasoline for $5.00 per gallon I make it up 15% and there is more profit
Everyone wins as I charge tax on materials thus the government gets to double and triple their tax revenue to help support other give away programs to people coming here for a visit and stay a few decades.
They charge me several taxes (state, city, Federal and some others I forgot) on fuel I charge sales tax on it thus the government gets to charge me again thus making much more on fuel in taxes then the poor blokes who work taking it out of the earth.
We Americans fought a war "taxation without representation" Boston Tea party ETC
BUT if one sneaks a tax on gasoline and the public act like sheep to the slaughter so be it.
In the mean time Al gore has several BIG Suv's and his fuel bill is 10 times the average Americans and he won a Nobel prize because of his global warming which I am sure he contributed at least 5%
So my supplier called me Tuesday and sent over a gift telling me he decided to add deliver surcharge of $35 per call .
He kept a record and found he is averaging over $600 profit per tankful of fuel
Imagine doing repair work and most of your accounts are with in a 10 mile radius you do 5 calls a day at your normal billing rate of say $175 per hr plus parts and then add in a $10 FUEL SUR CHARGE
My fleet of vans have 36 gallon tanks and my average is 5 miles per gallon.
Most of my calls are with in a 2 mile area, If I drive out of the area there is an additional charge (traveling times and ADDED fuel charge)
In other words a tank of fuel that would cost $166.00 One could quite easily make double this on the surcharges.
I cannot take all the credit myself I learned this type of mathematics from my government.
In 1984 I bought brand a Mercedes 560 SEL list price was $125,000 I paid in excess of $158,00
Then they added a "gas guzzler tax" and a luxury car tax and then added all the taxes and put the sales tax on top another 8% TAXING taxes
I thought to myself what a wonderful idea as I know when I paid 5 cents for a copper ell I marked it up 10%
Now the same fitting cost 50 cents and I still mark it up 10%
The Gas increases and the copper prices and the lead and other products going up in price just makes lots of regular citizens a lot richer.
The more I make the more my taxes increase and I am doing my part to feed a family of 5 or 6 plus with my tax money I am able to give the new comers into this country a chance of the good life with FREE medical which cost me $1,400 per month and many get free food and baby clothes plus because of my generous support in taxes these new visitors do not have to pay any tax when they work
This is a terrific politically correct one world order and complaining how much fuel cost is just not cricket as your not contributing YOUR FAIR SHARE to give people decent housing and phones and cars to drive and flat screen TV's After all just because you work does not mean your better then someone leaching off your hard earned money.
(SEE WHY THEY TOOK AWAY YOUR GUNS as an unstable person may want to change the governments policies)
Now when they start setting Quota's of who is to work, that sir is another problem that we faced in the 1970's and it like most government ideas fell flat on its face costing billions in lost revenue.
The biggest depression is coming as food prices soar (you need fuel to run a tractor) and riots take over big cities as people demand more entitlements as they invade each country and as the populations increase.
Wait as people start having food riots as they cannot drink fuel and the fishing fleet is grounded as it cannot afford the gasoline to go out and net fish and then the same rioters will still demand better housing and want to be kept warm in the winter and cool in the sumer and the governments sit back collecting more taxes as a politicians salary has nothing to do with the incompetence or how much they steal or have no moral values opps I am not speaking just about the Clinton's
I cannot imagine how any politician can vote an increase in pension or wages as they drive the world into a rescission that will cost millions of lives STOCK UP ON FOOD as the prices should rise faster and higher then fuel
If you think a liter of gas is expensive try buying a liter of tooth paste.
It is all relative .. Joe I suggest you go out and get a gun so you possibly can not only hunt for food but protect your self and your family when the world goes totally insane.
HAVE A GREAT WEEK END